Used as a chiral ligand in asymmetric hydrogenation reactions, particularly in the synthesis of pharmaceuticals and fine chemicals. It helps in creating enantiomerically pure compounds, which are crucial for the efficacy and safety of drugs. Its application extends to the production of agrochemicals and specialty chemicals, where high selectivity and yield are essential. The ligand's structure allows for precise control over the stereochemistry of the final product, making it valuable in industries requiring high-purity chiral molecules.